Nvidia back to profit in Q3 FY 2010

For the third quarter of fiscal year 2010, which ended on October 25th, Santa Clara's Nvidia Corporation has reported a revenue of $903.2 million, up 16% sequentially and also slightly higher than that posted one year ago. In addition to bigger sales, Q3 has also seen the chip designer return to profit after one quarter of loss, the net income recorded being of $107.6 million, or $0.19 per diluted share. "We continued to make progress in the third quarter with healthy market demand across the board," said Jen-Hsun Huang, president and chief executive officer, Nvidia. "Revenue was up from a year ago, with improvement in each of our PC, professional solutions and consumer businesses. It's great to see us shipping orders with our Tegra mobile-computing solution, and growing enthusiasm for our Tesla platform for parallel computing in the server and cloud-computing markets." The good numbers hide a rather worrying period for Nvidia as the company was beaten by AMD at shipping the first DirectX 11 graphics cards, with no response from the Green Goblin being expected until Q1 2010. True enough, Nvidia did see the release of the first major Tegra-based devices, Microsoft’s Zune HD and Samsung M1, and announced its next-gen CUDA architecture ‘Fermi’ but those aren’t going to bring in much cash in the near future (say next six months?). For the fourth quarter of FY 2010 Nvidia is predicting a sequential increase in revenue of about 2%.

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Tags: cuda gpgpu tegra zune directx directx11 fermi